remodels

There are currently 28 blog entries related to this category.

Back in February, with the ambitious launch of 3300 Ocean Drive at $4.350M, we offered two quick points:

(1) [I]t would really be something to see a nearly $2,200/PSF sale come to fruition; and

(2) Tip: Don't bet against it.

It turns out, to get a deal done on this impressively remodeled and even-more-impressively located TH, they had to chop $350K off the top.

But there can't have been any tears over that chop.

A sale price of $4.000M on a 3bd/2ba, 1850 sqft. townhome boils down to $2,162/PSF, which is up there in the stratosphere.

The highest PPSF we've seen recently on a non-Strand home – exempting lot sales, with their crazy PPSFs on tiny, old 'dozer-bait houses – was also on Ocean Ave., specifically 1904 Ocean Ave.

That's a 2br/2ba, 1800 sqft.…

One of the symptoms (for better or worse) of a real estate upcycle is that flippers come to town and find it profitable to make over homes for resale.

It may be just an impression, but this time around, it seems like the caliber of work is a cut above the kinds of quickie rehabs we saw in the early part of this century, as the last cycle was heating up (2002-2005 especially).

Hypothesis: There are now fewer "get rich quick" cable TV shows about home flipping.

Corollary/Related: There are now fewer people watching cable.

Whatever the full set of reasons, the Manhattan Beach real estate market seems to have attracted better work.

One that stood out for us was the Tree Section remodel at 3613 Walnut (4br/5ba, 3545 sq. ft.), where a sale has now closed at

A Quick Memo from the Dept. of Repeating Ourselves...

This is a Carrera.

It is made by Porsche.

It's got two seats, practically speaking.

It goes fast.

It's especially nice with the top down.

Meantime, the pretty white marble that is all the rage in new construction and remodels in Manhattan Beach is...

Carrara.

Carrara marble.

Carrara is a city in Italy, in a mining region where they don't have so many Carreras.

This is a photo from the actual, famous mine in Carrara.

There's really no mistaking the two.

Sure, it's just a one-letter difference, but it's a difference.

We hear and see confusion over this all the time.

Home descriptions are written routinely with references to "Carrera marble."

People talk about their likes and dislikes, what…

New to market this week (yes, odd timing) is a flipper remodel at 3613 Walnut.

There's a unique opportunity here to see a lot of before-and-after photos, since we can show you both the old listing and the new one.

3613 Walnut (4br/5ba, 3545 sq. ft.) sold in May this year for $1.665M. (Clicking the address in this sentence gives you the old, sold listing.)

At the time, the 80s build was dreary, pretty much spent and showing its age.

Dreary, uninspired listing photos taken with a smart phone did not exactly sell the place. The listing description was pretty frank at the time in calling it a project home for someone – designers, builders, anyone with "creativity and vision."

Turns out, it was a flipper that took it on.

Now, after a very thorough remodel…